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Trading Made Simple

  • #20,081
  • May 30, 2013 5:56am May 30, 2013 5:56am
EURNZD 4H trades closed.
Closing for this week / month. No more trading tomorrow... taking time off to relax and do planning for next month June.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 4H trades week 21 and 22 closed 30-5-2013 8-48-39 PM.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,082
  • May 30, 2013 5:59am May 30, 2013 5:59am
Quoting Vladbold
Sure ! Sorry , i can't seem to upload any charts, says i've exceeded my quota of 200Kb. Here are the links : AUD/USD - > http://www.mql5.com/en/charts/340820...-international late entry, off a bounce, still good for +35EUR/USD -> http://www.mql5.com/en/charts/340824...-international The last one requires a little detailing : I haven't entered per the rules, just off a swing at the 1.3000 resistance. I moved my SL to +35 before the GDP news, and it took me out.
Vladbold,

no worries.
thanks for the charts.I did not know we can upload charts to mql5 site.

I see you know the TMS basics. That's good, keep with more realtime live charts practice.

regards,

Trade Well.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,083
  • May 30, 2013 6:12am May 30, 2013 6:12am
Quoting Gizzledonk
{quote} Not me, Keep looking at things and not liking what I see, Last chance for the day (for me) is long on the EURAUD with the next H4 candle.
Wish you all the luck then Gizzle . Let's wait and see what the market will give us after all those US news are announced.
  • #20,084
  • May 30, 2013 6:16am May 30, 2013 6:16am
watching EY after bounce of R at near 132, which is historical R, Fib prev W 50% and near yesterdays high.

I wait for close of this candle and hope for strong red candle..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 30 KB
  • #20,085
  • May 30, 2013 7:04am May 30, 2013 7:04am
Thanks for the kind words, emmanuel. I'm starting to build confidence in the system, and planning on taking it to live trading starting next week.

And my broker allows me to post charts directly from mt4, which is kinda cool. Fixed spreads too.

Green pips to everyone , done for the day after usd bad news.
  • #20,086
  • May 30, 2013 7:55am May 30, 2013 7:55am
Quoting frenetic
The market today is crazy,just going back and forth with a lot of long wicks candles,I'm not sure to take any more trade. Did anyone take any trade today?
I am unable to find any goog setup today. I'll keep out as well and try to be patient.
"Discipline, Bond, Discipline" (Goldfinger)
  • #20,087
  • Edited 9:33am May 30, 2013 9:13am | Edited 9:33am
Quoting frenetic
The market today is crazy,just going back and forth with a lot of long wicks candles,I'm not sure to take any more trade. Did anyone take any trade today?
Quoting sdff
{quote} I am unable to find any goog setup today. I'll keep out as well and try to be patient."Discipline, Bond, Discipline" (Goldfinger)
Hi guys,

I do not know which currency pairs you look for trades today and if you trade 4H swing or H1 intraday.

If you let know know, I can post some examples how you can look for trades and how we should approach the market starting from the beginning of the week and then every day by looking at the W and D with a top down approach.

The TMS entry and exit rules are simple and very easy to learn and to follow. But the pre-requirements to trading is the preparation work and planning. Doing the prep work and having a trade plan is important because that helps us to look for chart conditions and the opportunities to get into the market.

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,088
  • May 30, 2013 9:15am May 30, 2013 9:15am
Quoting emmanuel7788
EU and GU H1 buyers, you should be happy now that Tokyo closed and the London traders take control now.... sell dollars...
Hi Emmanuel7788,

May I know what is your sentence mean ''EU and GU H1 buyers, you should be happy now that Tokyo closed and the London trades take control now... sell dollars...'' ?

Is there any relationship between ''Tokyo close'', ''EU and GU H1 buyers'', and ''sell dollars'' ?

Thanks,
Prominent88
  • #20,089
  • May 30, 2013 9:23am May 30, 2013 9:23am
Quoting Prominent88
{quote} Hi Emmanuel7788, May I know what is your sentence mean ''EU and GU H1 buyers, you should be happy now that Tokyo closed and the London trades take control now... sell dollars...'' ? Is there any relationship between ''Tokyo close'', ''EU and GU H1 buyers'', and ''sell dollars'' ? Thanks,Prominent88
Prominent88,

Did you follow EU and GU at that time when I post that statement?
Do you know that Tokyo closes 2 hours after London opens?
I mentioned several times that we must observe the market sessions- when market open and close, liquidity flows from market to market, and how currency pairs behaves at every makrket session opens and close.
Right now, London just closed. See what happen to all currency pairs.

Sell dollars means sell USD. It mean we buy EU, GU, and we sell UChf. I think you know the fundamentals of spot forex trading.
when we buy EURUSD, we are buying EUR and selling USD at the same time. Get that?

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,090
  • May 30, 2013 9:32am May 30, 2013 9:32am
Just wondering, anyone scalping using TMS on lower TF M15 and M5?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,091
  • May 30, 2013 9:35am May 30, 2013 9:35am
Quoting emmanuel7788
Just wondering, anyone scalping using TMS on lower TF M15 and M5?
people do 5 min?
  • #20,092
  • May 30, 2013 9:45am May 30, 2013 9:45am
Quoting emmanuel7788
Just wondering, anyone scalping using TMS on lower TF M15 and M5?

yes if I i use for scalping 15 to decide and 5 minutes to confirm but with the picture of 1 hr

the most imprtant the tren on 15 min and HA AP COLOR JUST FOR CATCH SOME PIP 8-12
WITH TRILING STOP 5

SALUDOS
  • #20,093
  • May 30, 2013 10:01am May 30, 2013 10:01am
Quoting Amirsaid
{quote} yes if I i use for scalping 15 to decide and 5 minutes to confirm but with the picture of 1 hr the most imprtant the tren on 15 min and HA AP COLOR JUST FOR CATCH SOME PIP 8-12 WITH TRILING STOP 5 SALUDOS
HERE YOU ARE FOR TODAY ONLY GBP USD COZ OF THE NEW I WAS OUT AND FAR FROM EU
http://charts.mql5.com/1/680/gbpusd-...s-europe-3.png
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-hf-markets-europe-3.png Size: 89 KB
  • #20,094
  • May 30, 2013 10:11am May 30, 2013 10:11am
Quoting emmanuel7788
Just wondering, anyone scalping using TMS on lower TF M15 and M5?
did it on 15 mins for the EJ i got in earlier, took the ride straight to 131.89 and notice the slight pullback and considering 2 candles push up more than 150 pips, i judge it to be a non lasting move and got out at 131.75 after a slight pullback.

also for people who says there is no setup today, what are you talking about? there's always a setup.
i think i posted a possible setup on GU on 1h TF. and if you did go in and know SR you would have gotten 25-30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gu possible resolution1.gif Size: 88 KB
Daniel
  • #20,095
  • May 30, 2013 10:40am May 30, 2013 10:40am
Quoting emmanuel7788
{quote} Prominent88, Did you follow EU and GU at that time when I post that statement?Do you know that Tokyo closes 2 hours after London opens?I mentioned several times that we must observe the market sessions- when market open and close, liquidity flows from market to market, and how currency pairs behaves at every makrket session opens and close.Right now, London just closed. See what happen to all currency pairs. Sell dollars means sell USD. It mean we buy EU, GU, and we sell UChf. I think you know the fundamentals of spot forex trading.when...
Hi Emmanuel,

Thanks for your explanation, I know about the time for each market sessions, is just that I not understand why you will emphasize on sell USD?

Is there any special news or bad news for USD?

Thanks,
Prominent88
  • #20,096
  • May 30, 2013 10:48am May 30, 2013 10:48am
missed three trades today. all from lack of confidence

EUR.jpy: Doji along with two inside bar patterns before LO signalled reverse. Did not pull the trigger
Attached Image (click to enlarge)
Click to Enlarge Name: may 30 eur.jpy.h1(2).png Size: 66 KB


AUD.USD: Thought the market would range in the early LO hours. Did not short during Lo

Saw pullback candle and doji during NY. scared to pull the trigger to enter on reverse and tp at double top
Attached Image (click to enlarge)
Click to Enlarge Name: may 30 aud.usd.h1(2).png Size: 68 KB


any advice appreciated
  • #20,097
  • May 30, 2013 10:54am May 30, 2013 10:54am
Quoting tenmilewalk
missed three trades today. all from lack of confidence EUR.jpy: Doji along with two inside bar patterns before LO signalled reverse. Did not pull the trigger{image} AUD.USD: Thought the market would range in the early LO hours. Did not short during Lo Saw pullback candle and doji during NY. scared to pull the trigger to enter on reverse and tp at double top{image} any advice appreciated
Emmanuel posted it before, preservation of capital. If your not confident then dont enter. Dont stress yourself out by forcin to trade. Psychologically, its better to miss trade and know you have the right analysis then forcing yourself to take trade you are unsure of and come out with a loss.
Daniel
  • #20,098
  • May 30, 2013 11:16am May 30, 2013 11:16am
Quoting Greenb
{quote} Emmanuel posted it before, preservation of capital. If your not confident then dont enter. Dont stress yourself out by forcin to trade. Psychologically, its better to miss trade and know you have the right analysis then forcing yourself to take trade you are unsure of and come out with a loss.
thank you greenb
  • #20,099
  • May 30, 2013 12:01pm May 30, 2013 12:01pm
Quoting emmanuel7788
Question: how many people here use multi-charts to monitor and compare currency pairs? like what I show here.... {image}

Hi Emmanuel


Would love to be abe to set my charts up like that but when I try try on MT4 I can't get them at the right size, they won't save etc. Is there a link anywhere that shows you how to set the charts up like that.


Thanks

Blueman
  • #20,100
  • May 30, 2013 12:43pm May 30, 2013 12:43pm
Quoting Blueman1887
{quote} Hi Emmanuel Would love to be abe to set my charts up like that but when I try try on MT4 I can't get them at the right size, they won't save etc. Is there a link anywhere that shows you how to set the charts up like that. Thanks Blueman
There is an option on mt4. Under windows tab ypu can choose to tile it vertically or horizontally
Daniel
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